TXN 0.00% 58.0¢ texon petroleum ltd

Well that was quite a day! Given that the sophisticated...

  1. 355 Posts.
    Well that was quite a day!

    Given that the sophisticated invetstors were issued 24 mill shares yesterday (btw.....I sometimes lay awake at night and dream of becoming a SI!),I would have expected more selling today to lock in a very quick 20% profit (very acceptabe for instos etc)

    The fact that they didnt, suggests to me that many expect the SP has a ways to go yet! ........which is a great backhand recommendation for the company.

    Management must now be thinking 'this is our time in the sun'

    I am a s/h, so please DYOR
 
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Currently unlisted public company.

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